Which of the following subsidiary books serves the purpose of ledger too, in addition to the recording of accounting transaction?
A. Purchases book
B. Sales book
C. Bills receivable book
D. Cash Book
Answer: Option D
Solution(By Examveda Team)
Cash Book serves the purpose of ledger too, in addition to the recording of accounting transaction. A cash book is a financial journal that contains all cash receipts and payments, including bank deposits and withdrawals. Entries in the cash book are then posted into the general ledger.This Question Belongs to Commerce >> Accounting
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